says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
On 7/27/2022 6:38 AM, George.Anthony wrote:
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
Yeah, It's just TERRIBLE! It's up from only 60 million
households when they started asking this question 2 years ago.
Watching the way Americans live no one should be very surprised that
some of them have a hard time paying their bills. Among other things
this is what keeps the payday lenders and pawn shops alive. You have
seen those haven't you? These aren't new businesses that have just
sprung up over the last couple of years.
I only have my "doughnut index" to measure how the more or less average American is doing. I have noticed that some of my working
class and middle class neighbors will sometimes drive on their spare
tire for weeks and months. Usually it was only one or two here or
there. In recent hard times I saw 5 or 6 all at the same time. What's happening now? No donuts, and the cars keep getting upgraded. All
those nice cars probably add to the problem. THE HORROR!
I love it. Your article starts with a 70 old "expert" who has
almost no actual contact with the economy. He's telling them what he
sees on Fakes News. LOL You would think they could have at least found
a working mother for this.
TB
Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:As the expert PNW founder of Determining The State Of The Economy By Observing Neighbors Who Have Tires, is it your conclusion that even most
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
Yeah, It's just TERRIBLE! It's up from only 60 million
households when they started asking this question 2 years ago.
Watching the way Americans live no one should be very surprised that
some of them have a hard time paying their bills. Among other things
this is what keeps the payday lenders and pawn shops alive. You have
seen those haven't you? These aren't new businesses that have just
sprung up over the last couple of years.
I only have my "doughnut index" to measure how the more or less >> average American is doing. I have noticed that some of my working
class and middle class neighbors will sometimes drive on their spare
tire for weeks and months. Usually it was only one or two here or
there. In recent hard times I saw 5 or 6 all at the same time. What's
happening now? No donuts, and the cars keep getting upgraded. All
those nice cars probably add to the problem. THE HORROR!
I love it. Your article starts with a 70 old "expert" who has
almost no actual contact with the economy. He's telling them what he
sees on Fakes News. LOL You would think they could have at least found
a working mother for this.
TB
of the people without Amex cards outside of your neighborhood in the
rest of the country are doing just krispy kremey?
On 7/27/2022 9:52 AM, bfh wrote:LOL. I thought you said you wanted to cut the bullshit for a minute. I
Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:As the expert PNW founder of Determining The State Of The Economy By
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
     Yeah, It's just TERRIBLE! It's up from only 60 million
households when they started asking this question 2 years ago.
Watching the way Americans live no one should be very surprised
that some of them have a hard time paying their bills. Among other
things this is what keeps the payday lenders and pawn shops alive.
You have seen those haven't you? These aren't new businesses that
have just sprung up over the last couple of years.
     I only have my "doughnut index" to measure how the more
or less average American is doing. I have noticed that some of my
working class and middle class neighbors will sometimes drive on
their spare tire for weeks and months. Usually it was only one or
two here or there. In recent hard times I saw 5 or 6 all at the
same time. What's happening now? No donuts, and the cars keep
getting upgraded. All those nice cars probably add to the problem.
THE HORROR!
    I love it. Your article starts with a 70 old "expert" who >>> has almost no actual contact with the economy. He's telling them
what he sees on Fakes News. LOL You would think they could have at
least found a working mother for this.
TB
Observing Neighbors Who Have Tires, is it your conclusion that even
most of the people without Amex cards outside of your neighborhood
in the rest of the country are doing just krispy kremey?
Hey, maybe, just maybe, we can cut the bullshit for a minute.
First off I have no Krispy Kreme index.
BUT: Here is the real story in a nutshell. In a recession there
is always some suffering. BUT. It is never spread evenly. I mean, look
at us. We might already be...... What? 2% less prosperous than we were
6 months ago? For the average person, what is that? Maybe one
restaurant meal per month? The people singing and dancing for
suffering will be able to find plenty of it--at the margins. Mostly
people already on the edge. For most of us it isn't going to be a big
deal. We'll still be buying millions of new vehicles. Our campgrounds, tourist destinations and bays will remain busy. Life will go on more
or less as normal. I wouldn't call it a mole hill, but that's a small decline that you're trying to make into a mountain.
If I'm wrong I should be able to get some incredible travel
bargains in some very nice suddenly quiet locations soon. lol I am not counting on that.
I don't check the mail every day. Today was just average. I got
two offers from credit card companies. Since I know I could be working tomorrow for a recession proof company (AKA Wally World) it's hard to
feel sorry for anyone who isn't working. How do I know it would be
recession proof? Around here they can't hire enough people right now.
By the time push came to shove you would have more than enough
seniority to get you by. Years ago, unless you were hired as a
manager, you had to work for them for at least a year before you could
be promoted to the "management team". Now teenagers who have
demonstrated their reliability for a few months can earn a promotion.
(After the bottom rung all of the management positions are salaried
and Walmart wants to make the bottom rung salaried too. There's a lot
of resistance because those people usually get a lot of overtime.
TB
Technobarbarian wrote:
On 7/27/2022 9:52 AM, bfh wrote:LOL. I thought you said you wanted to cut the bullshit for a minute. I must've misinterpreted the messaging. Or, in your defense, maybe it
Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:As the expert PNW founder of Determining The State Of The Economy
says CC&P, AKA Mr. Dodge. I guess these people haven't learned
the secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
     Yeah, It's just TERRIBLE! It's up from only
60 million households when they started asking this question 2
years ago. Watching the way Americans live no one should be very
surprised that some of them have a hard time paying their bills.
Among other things this is what keeps the payday lenders and pawn
shops alive. You have seen those haven't you? These aren't new
businesses that have just sprung up over the last couple of years.
     I only have my "doughnut index" to measure
how the more or less average American is doing. I have noticed
that some of my working class and middle class neighbors will
sometimes drive on their spare tire for weeks and months. Usually
it was only one or two here or there. In recent hard times I saw 5
or 6 all at the same time. What's happening now? No donuts, and
the cars keep getting upgraded. All those nice cars probably add
to the problem. THE HORROR!
    I love it. Your article starts with a 70 old
"expert" who has almost no actual contact with the economy. He's
telling them what he sees on Fakes News. LOL You would think they
could have at least found a working mother for this.
TB
By Observing Neighbors Who Have Tires, is it your conclusion that
even most of the people without Amex cards outside of your
neighborhood in the rest of the country are doing just krispy kremey?
   Hey, maybe, just maybe, we can cut the bullshit for a
minute. First off I have no Krispy Kreme index.
   BUT: Here is the real story in a nutshell. In a recession
there is always some suffering. BUT. It is never spread evenly. I
mean, look at us. We might already be...... What? 2% less prosperous
than we were 6 months ago? For the average person, what is that?
Maybe one restaurant meal per month? The people singing and dancing
for suffering will be able to find plenty of it--at the margins.
Mostly people already on the edge. For most of us it isn't going to
be a big deal. We'll still be buying millions of new vehicles. Our
campgrounds, tourist destinations and bays will remain busy. Life
will go on more or less as normal. I wouldn't call it a mole hill,
but that's a small decline that you're trying to make into a mountain.
   If I'm wrong I should be able to get some incredible travel >> bargains in some very nice suddenly quiet locations soon. lol I am
not counting on that.
   I don't check the mail every day. Today was just average. I >> got two offers from credit card companies. Since I know I could be
working tomorrow for a recession proof company (AKA Wally World)
it's hard to feel sorry for anyone who isn't working. How do I know
it would be recession proof? Around here they can't hire enough
people right now. By the time push came to shove you would have more
than enough seniority to get you by. Years ago, unless you were
hired as a manager, you had to work for them for at least a year
before you could be promoted to the "management team". Now teenagers
who have demonstrated their reliability for a few months can earn a
promotion. (After the bottom rung all of the management positions
are salaried and Walmart wants to make the bottom rung salaried too.
There's a lot of resistance because those people usually get a lot
of overtime.
TB
took you less than a minute to write all that?
On 7/27/2022 6:38 AM, George.Anthony wrote:
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
Yeah, It's just TERRIBLE! It's up from only 60 million households when they started asking this question 2 years ago. Watching the way Americans live no one should be very surprised that some of them have a
hard time paying their bills. Among other things this is what keeps the payday lenders and pawn shops alive. You have seen those haven't you?
These aren't new businesses that have just sprung up over the last
couple of years.
I only have my "doughnut index" to measure how the more or less average American is doing. I have noticed that some of my working class
and middle class neighbors will sometimes drive on their spare tire for
weeks and months. Usually it was only one or two here or there. In
recent hard times I saw 5 or 6 all at the same time. What's happening
now? No donuts, and the cars keep getting upgraded. All those nice cars probably add to the problem. THE HORROR!
I love it. Your article starts with a 70 old "expert" who has
almost no actual contact with the economy. He's telling them what he
sees on Fakes News. LOL You would think they could have at least found a working mother for this.
TB
bfh wrote:
Technobarbarian wrote:Oh wait........I forgot to launch my retaliatory bullshit. ----------------------------------------------------------------------------
On 7/27/2022 9:52 AM, bfh wrote:LOL. I thought you said you wanted to cut the bullshit for a minute. I
Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:As the expert PNW founder of Determining The State Of The Economy By
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the >>>>>> secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
     Yeah, It's just TERRIBLE! It's up from only 60
million households when they started asking this question 2 years
ago. Watching the way Americans live no one should be very
surprised that some of them have a hard time paying their bills.
Among other things this is what keeps the payday lenders and pawn
shops alive. You have seen those haven't you? These aren't new
businesses that have just sprung up over the last couple of years.
     I only have my "doughnut index" to measure how
the more or less average American is doing. I have noticed that
some of my working class and middle class neighbors will sometimes
drive on their spare tire for weeks and months. Usually it was only
one or two here or there. In recent hard times I saw 5 or 6 all at
the same time. What's happening now? No donuts, and the cars keep
getting upgraded. All those nice cars probably add to the problem.
THE HORROR!
    I love it. Your article starts with a 70 old
"expert" who has almost no actual contact with the economy. He's
telling them what he sees on Fakes News. LOL You would think they
could have at least found a working mother for this.
TB
Observing Neighbors Who Have Tires, is it your conclusion that even
most of the people without Amex cards outside of your neighborhood
in the rest of the country are doing just krispy kremey?
   Hey, maybe, just maybe, we can cut the bullshit for a minute.
First off I have no Krispy Kreme index.
   BUT: Here is the real story in a nutshell. In a recession >>> there is always some suffering. BUT. It is never spread evenly. I
mean, look at us. We might already be...... What? 2% less prosperous
than we were 6 months ago? For the average person, what is that?
Maybe one restaurant meal per month? The people singing and dancing
for suffering will be able to find plenty of it--at the margins.
Mostly people already on the edge. For most of us it isn't going to
be a big deal. We'll still be buying millions of new vehicles. Our
campgrounds, tourist destinations and bays will remain busy. Life
will go on more or less as normal. I wouldn't call it a mole hill,
but that's a small decline that you're trying to make into a mountain.
   If I'm wrong I should be able to get some incredible travel >>> bargains in some very nice suddenly quiet locations soon. lol I am
not counting on that.
   I don't check the mail every day. Today was just average. I >>> got two offers from credit card companies. Since I know I could be
working tomorrow for a recession proof company (AKA Wally World) it's
hard to feel sorry for anyone who isn't working. How do I know it
would be recession proof? Around here they can't hire enough people
right now. By the time push came to shove you would have more than
enough seniority to get you by. Years ago, unless you were hired as a
manager, you had to work for them for at least a year before you
could be promoted to the "management team". Now teenagers who have
demonstrated their reliability for a few months can earn a promotion.
(After the bottom rung all of the management positions are salaried
and Walmart wants to make the bottom rung salaried too. There's a lot
of resistance because those people usually get a lot of overtime.
TB
must've misinterpreted the messaging. Or, in your defense, maybe it
took you less than a minute to write all that?
The big-box retailer said everyday necessities are eating up more
of household budgets and leaving shoppers less money to spend on items
they want, such as new clothing.
The announcement raised concerns about shifting consumer behavior
and whether inflation has brought pandemic-fueled shopping sprees to an
end.
Major retailers including Walmart and Macy’s are scheduled to report earnings in mid-August.
A Walmart Inc. logo is displayed on a sign that reads "Everyday Low
Price" at a store in Burbank, California, U.S., on Tuesday, Nov. 26,
2019. A PWC survey shows that 36% of consumers surveyed plan to shop on
Black Friday. Deals will ultimately dictate where spending and visits
go. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images
Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned that surging prices for food and gas are squeezing consumers.
The big-box retailer, which is the country’s largest grocer, said
everyday necessities are eating up more of household budgets and leaving shoppers less money to spend on items they want, such as new clothing. Walmart said it will have to offer deep discounts to get rid of general merchandise, hurting its profit margins.
For Wall Street, the announcement served as another warning. It
heightened concerns about shifting consumer behavior and whether
inflation has brought pandemic-fueled shopping sprees to an end. Major retailers including Walmart and Macy’s are scheduled to report earnings
in mid-August.
Target is the better investment play over Walmart, says Hightower’s Stephanie Link
“This is a sneak peek inside the challenges and the decision making that’s happening inside of the household,” said Steph Wissink, a retail analyst for Jefferies.
Even though economists have not declared a recession, Wissink said “we appear to be firmly in a ‘discretionary goods recession.’”
Walmart’s updated outlook comes as investors sift through months of conflicting data points. The labor market has remained strong, but
consumer sentiment has weakened. Inflation has grown at the fastest pace
in decades, yet airports are bustling with summer travelers. Thousands
of Netflix customers have canceled subscriptions, but McDonald’s and Coca-Cola say people have been willing to pay more for burgers and sodas
so far.
Other factors have complicated the picture, too. Retailers are lapping a period when shoppers had extra money from stimulus checks and savings
from what they typically spent on services like gym memberships, hotels
and dining out. Pandemic-related purchases surged as people sprang for
new kitchen gadgets, workout equipment and leisurewear — categories that have now largely fallen from favor.
Craig Johnson, founder of retail consultancy Customer Growth Partners,
said the slump in discretionary spending is due to lower-income
households spending more on essentials because of inflation. In
addition, he said higher earners are spending more on services such as
travel and entertainment instead of products coming out of the pandemic.
“Walmart’s pre-announcement was hardly a surprise, and will be the first of several similar pre-announcements,” he said.
Target was one of the first companies to signal choppy waters ahead. It
cut its forecast for profit margins twice, saying it would have to
cancel orders and increase markdowns to get rid of unwanted merchandise.
It chalked up the problem to having the wrong inventory, such as TVs,
bikes and household appliances that were popular during the pandemic,
and said it wanted to clear space for back-to-school goods and holiday shopping.
Kohl’s, Gap, Bath & Body Works and Bed Bath & Beyond issued profit
warnings in the past few weeks. And several companies, including online styling service Stitch Fix, video game retailer GameStop and e-commerce company Shopify have announced layoffs.
Mall-based retailers — which sell a lot of discretionary merchandise
like apparel and home goods — are expected to get caught in the crosshairs.
Analysts at Deutsche Bank said they expect full-year guidance reductions
from all of the apparel retailers the bank covers, as many had been forecasting an acceleration in sales and margins in the back half of the year.
Credit card data from Bank of America shows sales of clothing in the
U.S. have been declining since the week ended March 12, and were down
15.6% from year-earlier levels during the week ended July 2.
Lorraine Hutchinson, an analyst for Bank of America Securities, said in
a note to clients on Tuesday that her firm is cutting its earnings
estimates across the apparel industry as inventories pile up and
discounts are becoming rampant.
Hutchinson said niche retailers that cater to higher income shoppers,
such as Lululemon, could still perform well. LVMH, which owns high-end
brands like Dom Perignon and Louis Vuitton, also signaled Tuesday that
higher income shoppers might still be willing to splurge. The company
said its sales climbed 19% in the second quarter year over year when stripping out currency changes, led by growth in its fashion and leather goods segment.
For discounters, an upside of surging inflation is that price-sensitive customers may visit their stores more often in search of cheaper
household staples. Walmart’s share of U.S. grocery dollars, for example, was 21% as of the end of June, up from 18% six months earlier, according
to research firm Numerator.
But groceries have lower profit margins than discretionary items, such
as electronics and apparel. That’s the reason why Walmart slashed its profit forecast, even while raising its forecast for same-store sales. -----------------------------------------------------------
On 7/27/2022 10:41 AM, Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
Yeah, It's just TERRIBLE! It's up from only 60 million households
when they started asking this question 2 years ago. Watching the way Americans live no one should be very surprised that some of them have a hard time paying their bills. Among other things this is what keeps the payday lenders and pawn shops alive. You have seen those haven't you?
These aren't new businesses that have just sprung up over the last
couple of years.
I only have my "doughnut index" to measure how the more or less average American is doing. I have noticed that some of my working class
and middle class neighbors will sometimes drive on their spare tire for weeks and months. Usually it was only one or two here or there. In
recent hard times I saw 5 or 6 all at the same time. What's happening
now? No donuts, and the cars keep getting upgraded. All those nice cars probably add to the problem. THE HORROR!
I love it. Your article starts with a 70 old "expert" who has
almost no actual contact with the economy. He's telling them what he
sees on Fakes News. LOL You would think they could have at least found a working mother for this.
TB
None of your asinine smoke, mirrors and dodging will change the FACT
that inflation is here, prices are up and most anyone who is not saving
$8.7 million a year on his electric bill is paying too much more for everything.
--
--------
Progressives... holding back progress since the dawn of time.
On Wednesday, July 27, 2022 at 12:52:03 PM UTC-7, George.Anthony wrote:
On 7/27/2022 10:41 AM, Technobarbarian wrote:
On 7/27/2022 6:38 AM, George.Anthony wrote:None of your asinine smoke, mirrors and dodging will change the FACT
says CC&P, AKA Mr. Dodge. I guess these people haven't learned the
secret to saving $8.7 mil a year on their electric bills.
"Roughly 90 million households reported having a somewhat or very
difficult time meeting expenses, a record since the Census Bureau
started tracking the metric nearly two years ago."
https://www.foxnews.com/us/americans-say-recession-is-here-despite-white-house-denial
Yeah, It's just TERRIBLE! It's up from only 60 million households
when they started asking this question 2 years ago. Watching the way
Americans live no one should be very surprised that some of them have a
hard time paying their bills. Among other things this is what keeps the
payday lenders and pawn shops alive. You have seen those haven't you?
These aren't new businesses that have just sprung up over the last
couple of years.
I only have my "doughnut index" to measure how the more or less
average American is doing. I have noticed that some of my working class
and middle class neighbors will sometimes drive on their spare tire for
weeks and months. Usually it was only one or two here or there. In
recent hard times I saw 5 or 6 all at the same time. What's happening
now? No donuts, and the cars keep getting upgraded. All those nice cars
probably add to the problem. THE HORROR!
I love it. Your article starts with a 70 old "expert" who has
almost no actual contact with the economy. He's telling them what he
sees on Fakes News. LOL You would think they could have at least found a >>> working mother for this.
TB
that inflation is here, prices are up and most anyone who is not saving
$8.7 million a year on his electric bill is paying too much more for
everything.
--
--------
Progressives... holding back progress since the dawn of time.
Prezactly whom do you think is saying inflation is not here? How do you blame YKW for worldwide inflation?
Straw Man #1
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